Martin’s Golf and Tennis Superstores Acquired
Golf and Tennis Pro Shop (GTPS) has entered into a letter of intent to acquire the three Martin's Golf and Tennis Superstores located in Myrtle Beach, South Carolina. This transaction is subject to the negotiation and completion of a definitive agree
Fanbuzz to Operate Celtics Online Store
The Boston Celtics has entered into an e-commerce agreement with FanBuzz. As part of the agreement, FanBuzz' services include Web site development, back-end fulfillment and customer care for the private-label Boston Celtics online store at www.celtic
Nike Sees U.S. Strengthening Across the Board…
Nike, Inc. blew past analysts’ EPS estimates for their fiscal second quarter ended November 30, besting the prognosticators by 8% to 11% by posting earnings of 66 cents per diluted share on much better margins, benefits from currency exchange rates and im
Collegiate Pacific to Acquire Kesslers…
Kesslers Team Sports of Richmond, IN, the nation's largest independent team sporting goods distributor with annual revenues exceeding $30 million will join the Collegiate Pacific stable. Terms of the deal, which is expected to close in early 2004, w
Quiksilver Rolls Despite Tough Department Store Business…
Quiksilver, Inc. continued to roll toward their goal of becoming a true global brand as they beat external and internal EPS estimates for the eighth quarter in a row. The company’s march to become the first billion dollar beach/surf lifestyle brand shoul
Callaway Dominates Ashworth Growth …
Ashworth, Inc. reported fiscal fourth quarter net revenue for the company’s domestic segment increased 8.6% to $27.7 million from $25.5 million in the year-ago period. The international segment increased 15.4% to $4.5 million from $3.9 million. Full year
The Free Trade (Dis) Agreements…
Two separate trade agreements have been making news lately, the ten year old North American Trade Agreement and the brand new Central American Free Trade Agreement. Both treaties are said to strip away barriers to trade, eliminate tariffs, open markets, a
K2 Inc. is One Acquisition Away from Billionaire’s Club…
K2 Inc. is forecasting fiscal year 2004 sales of approximately $920 million and earnings per share in the range of 92 cents to 94 cents…
Vail Resorts Hit with Record Verdict…
A jury awarded $17.5 million in compensatory damages to Joette Williams and her deceased husband’s family. The couple suffered from carbon monoxide poisoning in August of 2001 at a Jackson Hole, Wyoming resort owned by Vail Resorts. Joette Williams surviv
Vans Looks to Girl’s Biz for Growth…
Vans was bleeding red ink in fiscal Q2 regardless if they include the troubled skatepark business in their GAAP results or when look at their continuing “base business” that excludes the five skateparks that will close this year. The company appeared to
Rossignol Feels the Currency Pains…
Rossignol sales have dropped 11% for the first six months of the 2003-04 season from €224.9 million ($226.1 million) to €199.9 million ($213.9 million)…
Blades Files for Chapter 11 Protection…
Based on court papers obtained by Sports Executive Weekly, it appears that Blades Board and Skate, the 14-store action sports chain based in New Jersey, filed for Chapter 11 bankruptcy protection on December 4 due to an injunctive order obtained just days
K-Swiss Terminates National Geographic Deal
K-Swiss Inc. has announced it has agreed with National Geographic to end their license agreement to develop and market a collection of National Geographic outdoor-oriented and casual footwear. The company had previously accrued $4.3 million for anticipat
Under Armour on the Move…
Under Armour Performance Apparel is moving their manufacturing facility, but is bucking the trend of companies moving off-shore as it makes the shift to a neighboring county instead. Baltimore County and Anne Arundel County in Maryland have reportedly be
Callaway Sees Top-Flite Drag in 2004…
Callaway Golf Company announced that sales and earnings estimates for 2003 will be in line with previous estimates and will include about $25 million in pre-tax integration costs that are expected to put diluted earnings per share in the 65 cents to 67 ce
